Vote for your favourite UK Money Blog

Vote for Your Favourite UK Money Blog!

In this post a few weeks ago I revealed that Pounds and Sense had been nominated in the ‘Best Money Making Blog’ category of the 2017 SHOMO awards.

The SHOMO awards (it stands for Show Me the Money Bloggers) are given out every year to UK-based independent money bloggers. The main sponsor is the cashback site Quidco.

There are various categories, from Best Frugal Food Blog to Best Personal Finance Blog. Pounds and Sense has been nominated in the Best Money Making Blog category.

Pounds & Sense is also eligible for the People’s Choice Award, which any blog reader can vote for. If you enjoy reading Pounds and Sense, therefore, I warmly invite you to vote for it for this award.

Voting is open from now until the end of August 2017. All you have to do is visit this page of the UK Money Bloggers website and vote for Pounds and Sense from the drop-down list of blogs provided.

But whether you do or not, I highly recommend that you visit this page of the UK Money Bloggers website where all this year’s nominees are listed. There are some amazing blogs and other resources here, including many UK finance blogs I follow myself.

The winners of the SHOMO awards will be announced at the Show Me the Money Bloggers 3 Conference in London on 23 September 2017. For more information about the conference, and booking information (for UK finance bloggers only), please click here.

Finally, I should like to express my gratitude to the unknown person or persons who nominated Pounds and Sense for an award..

As ever, if you have any comments or queries about this post, please do leave them below.

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How to Publish Your Own E-book on Kindle

How to Publish Your Own E-Book on Kindle

In this recent post I looked at the pros and cons of writing a book, perhaps in fulfilment of a long-cherished ambition.

I said then that while writing a book has many attractions, it can be a major project, and there is no guarantee you will find a traditional print publisher. Even if you do, unless you are very lucky and/or talented, you are highly unlikely to make a fortune.

An intriguing alternative, though, is to publish an e-book. Perhaps surprisingly, this can be a lot more straightforward. The huge popularity of Amazon’s Kindle device (and rival ebook readers such as the Kobo and the Nook) means that more e-books are sold nowadays than traditional ones. And Amazon has made it easy for anyone to publish and sell their own e-book by means of Kindle Direct Publishing (KDP for short).

Publishing a Kindle e-book is a simple process. Essentially, all you have to do is create your book in Microsoft Word or a similar application, save it in HTML (web) format, and upload it to Amazon via the KDP website.

Unlike traditional books, Kindle e-books can as short as a few thousand words, so there’s no need to create an epic. You can write fiction or nonfiction as you choose. A little time spent browsing the Kindle Store should give you plenty of ideas!

Once your Kindle e-book is published, anyone will be able to order it from Amazon. You can set your own price, and you will then receive a royalty of up to 70 percent on sales. That compares well with the 10 percent typically paid to traditionally published authors.



Some Top Tips

A few quick tips for new Kindle authors include:

  1. Keep the formatting as simple as possible. Complex layouts are unlikely to survive conversion to ebook format.
  2. Create an eye-catching description of your book for the Kindle Store. You’re allowed to use up to 4,000 characters, so make the most of it. Check out the sales pages of some Kindle bestsellers for inspiration.
  3. Price your title between £1.99 and £9.99 – this will ensure you qualify to receive Amazon’s highest (70 percent) royalty rate. Books priced outside this range receive only the standard 35 percent royalty.
  4. Make sure the first few pages of your e-book hook the reader. People can see the first 10 percent of your book free in the store. If the opening pages don’t grab them, they will soon move on to something else.
  5. Create an attractive cover image for your ebook. This can make a big difference in converting visitors to your sales page to buyers. You can use the KDP free cover-maker tool, or try Fiverr.com, where there are people offering to create ebook covers for just $5 (about £3.80).
  6. Spread the word about your e-book on any social networks you belong to, including Facebook, Twitter, Google Plus, and so on. It can also help to create a blog, website or dedicated Facebook page for your e-book, and mention it on any forums you belong to (though do this sensitively, to avoid accusations of spamming).
  7. Aim to get a few reviews of your e-book up as soon as possible. Consider giving away free or discounted copies via social networks, forums, your blog (if you have one), and so forth. Not everyone will end up leaving a review even if you ask them to, but hopefully some will.

Amazon has plenty more advice for would-be Kindle e-book authors on the KDP website. And for anyone wanting an in-depth introduction to Kindle publishing, I highly recommend Geoff Shaw‘s comprehensive Kindling course (that’s a link to my review of Kindling on my Entrepreneur Writer blog).

Or, if you would like a lower-cost alternative, I also recommend Self Publishing on Amazon 2017, a Kindle e-book by Dr Andy Williams that I have been reading recently. This covers both Kindle e-book publishing and DIY print publishing using Amazon’s Createspace platform. It costs only a few pounds and provides in-depth advice from someone who is a highly successful Kindle author himself (mainly of non-fiction e-books).

And yes – thank you for asking – I do have a few Kindle e-books of my own published. In particular, you may like to check out my guide to plotting for fiction writers and my humorous, illustrated science-fiction novella The Festival on Lyris Five. If you buy and enjoy either of these, a review is always much appreciated 🙂

Final Thoughts

If you are very lucky (and/or talented) your Kindle e-book could become an Amazon bestseller and maybe even propel you into the growing ranks of Kindle millionaires.

But even if not, you will have the satisfaction of being a published author in the world’s favourite online bookstore. And you will have royalties from sales coming into your bank account every month, potentially for many years to come.

If you have any comments or questions about Kindle publishing, as ever, please do post them below.

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Matched Betting: Prepare for the New Season!

Matched Betting: Prepare for the New Season!

I’ve talked about matched betting a few times on this blog. To recap, it’s a way of making risk-free (and tax-free) cash by taking advantage of bookmaker special offers and promotions.

Matched betting is perfectly legal and (done properly) it’s not gambling. You can read my introduction to matched betting here, and why I believe it is such a great money-making sideline for over-sixties in particular here.

The summer is typically a quiet time for matched betting, but come next month (August) all that is going to change. I am, of course, talking about the start of the new UK domestic football season!

To be clear, you don’t have to be a big football fan to look forward to this (I’m certainly not). No, the reason to anticipate the new season so keenly is the host of money-making opportunities it will present for matched bettors.

For one thing, the bookies will be pulling out all the stops to attract new clients and get current and former clients back onside. I expect to see a torrent of offers on the football especially in the next few weeks, giving the potential for some tasty risk-free profits by applying matched betting principles.

Also, once the football starts again, there will be many more opportunities to profit from one of my favourite matched betting techniques, Acca Insurance. This involves taking advantage of the offer by several bookies to refund a football accumulator in the form of a free bet if you have one losing leg. By judicious staking you can guarantee yourself a set profit on many such bets.

Finding accas that will work with this method and calculating the required stakes isn’t easy if you are working alone. I therefore recommend using my favourite matched betting advisory service, Profit Accumulator. They recently added a tool called Acca Catcher to the range of resources on offer to Platinum members.

Acca Catcher will find accas with insurance for you, show you how much profit they can generate, and reveal exactly what you need to stake on them and when. My recent blog post on How to Profit from Acca Insurance with Acca Catcher explains how this works in some detail. I have made hundreds of risk-free pounds using this technique and looking forward to making much more once the new season starts.

More About Profit Accumulator

Profit Accumulator is the marched betting advisory service I use myself and recommend to others. It is suitable both for those brand new to matched betting and for experienced matched bettors.

You can join PA free initially and they will provide details of two bookmaker offers you can take advantage of straight away. These should make you around £45 in net profit. If you wish to proceed further, you can then pay to become a Platinum member and get access to the full range of offers and services. As well as Acca Catcher (mentioned above), these include an oddsmatching tool and calculator for finding profitable bets to use with bookmaker offers and maximizing your returns from them.

A further advantage of joining Profit Accumulator is that you get access to the members-only forum, where you can get any questions you may have answered by more experienced members and/or the team behind PA.

If you think matched betting may be for you, I therefore highly recommend that you click through to the Profit Accumulator website to see what they offer and sign up for the free trial. By joining today you will be perfectly placed to take advantage of the flood of bookmaker offers likely to appear in the next few weeks.

As ever, if you have any questions or comments about matched betting or Profit Accumulator, please do post them below.

Disclosure: As well as being a member of Profit Accumulator I am also an affiliate for them. If you join and become a paying member after following any of the links in this post, I will receive a commission for introducing you. This does not affect in any way the cost of the service to you or the benefits you receive.

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Pounds and Sense Shortlisted for UK Money Blogging Award!

Pounds and Sense Shortlisted for UK Money Blogging Award!

I am very pleased to reveal that Pounds and Sense has been nominated for a SHOMO award by UK Money Bloggers.

The SHOMO awards (it stands for Show Me the Money Bloggers) are given out every year to UK-based independent money bloggers. The main sponsor is the cashback site Quidco.

There are various categories, from Best Frugal Food Blog to Best Personal Finance Blog. Pounds and Sense has been nominated in the Best Money Making Blog category.

I don’t expect to end up winning the award, as I am up against some highly professional and popular blogs in my category. However, even being short-listed in my blog’s first year is something I am very proud of.

The shortlists were produced by the SHOMO awards committee, chaired by Karyn Fleeting, aka Miss Thrifty. There is also a People’s Choice Award, for which all short-listed blogs are eligible. Voting takes place for this throughout August and is open to anyone. If you should feel inclined to vote for Pounds and Sense, don’t hold back!

In any event, I do highly recommend that you visit this page of the UK Money Bloggers website where all this year’s nominees are listed. There are some amazing blogs and other resources here, including many UK finance blogs I follow myself. If you are interested in money matters, I highly recommend checking them all out.

The winners of the SHOMO awards will be announced at the Show Me the Money Bloggers 3 Conference in London on 23 September 2017. For more information about the conference, and booking information, please click here.

Finally, I should like to express my gratitude to the unknown person or persons who nominated Pounds and Sense for an award..

As ever, if you have any comments or queries about this post, please do leave them below.

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Read More From Me in the Creating Wealth Newsletter!

Read More From Me in the Creating Wealth Newsletter!

Just a quickie today to let you know that I am back in harness with my former clients Agora (also known as Fleet Street Publishing). As some of you may know, I worked for several years on their More Money Review membership site.

I am now working again with my old editor, Michelle Roberts, on the Creating Wealth newsletter. This is a free email newsletter featuring a huge range of strategies for making money and building your personal wealth.

I shall be writing about ways of making, saving and investing money for CW, together with business and self-development topics, e.g. how to boost your productivity. So I will be covering some similar ground to Pounds & Sense, although there are certain subjects I sometimes discuss on the blog (e.g. health, travel, food and drink) that I won’t be talking about there.

In addition, Creating Wealth is aimed at all age groups, not just older people, so my articles will have a slightly different focus. I will also be covering career-building advice, which obviously isn’t something I normally discuss on this blog.

You can sign up to Creating Wealth here. As well as the newsletter, you will receive a free report titled Secrets of a Self-Made Millionaire (and no, that’s not me!).

I highly recommend subscribing to CW, not only because it is putting bread on my table, but because I genuinely believe you will enjoy reading the tips, advice and information it contains from me and my fellow contributors.

And of course, you can unsubscribe at any time if you decide it’s not for you.

I shall continue to publish on Pounds & Sense (and my Entrepreneur Writer blog) too, but perhaps not quite as frequently. I am meant to be semi-retired, after all!

If you have any comments or questions about Creating Wealth, as always, please do post them below.



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Should You Write a Book?

Should You Write a Book?

For many people one of the top things on their ‘To Do’ list when they retire is write a book. But is it a good idea or not – and will you make any money out of it?

I feel decently qualified to talk about this, as during my career as a freelance writer I have written over 100 books, mostly non-fiction. The first book I ever wrote was a guide for singletons looking for love. The most recent, earlier this year, was a guide to making money from forex trading (ghost-written for a client).

The first thing I would say is that you shouldn’t approach book writing with any expectation that you will make a ton of money from it. For most of the books I have written, my earnings have been modest set against the time and effort I put into them. In purely financial terms, article writing and copywriting have been a lot more lucrative.

On the other hand, even a modestly successful book can go on paying an income year after year, both in the form of royalties on sales and extras such as PLR (fees from library lending).

Writing a book also has attractions other than the purely financial. For example, if you want it to be, a book can be your passport to public speaking engagements, conference bookings and consultancy opportunities. It may lead to paying commissions from book, magazine and newspaper publishers. You may also be asked to appear on local – or even national – TV and radio, talking about your book and (in the case of non-fiction) your area of expertise.

Don’t under-estimate, either, the personal satisfaction of writing a book. Many people find that the process of planning and writing a book is engrossing and fulfilling. The sense of achievement at holding your own book in your hands is hard to beat. And completing a book can give your confidence and morale a big boost as well.

Of course, it must also be said that writing a book isn’t something you can do in a day or even (with a few notable exceptions) a week. It is a substantial project and will require self-discipline and determination. You will need to be well organized and focused. And while you definitely don’t need to be Shakespeare to write a book, at least a basic grasp of spelling, grammar and punctuation is essential.



Fiction or Nonfiction?

Fiction can be fun to write, and the potential returns if you write a best-seller are clearly huge. On the other hand, you do have to be realistic about how likely this is to happen. There is a massive amount of competition, and a new novelist has to be exceptionally talented (and/or lucky) to get a publishing deal.

Non-fiction (factual) books are probably a little easier to get published, and have the advantage that you may be able to get a contract just by submitting an outline and proposal to a publisher (highly unlikely with a novel). You will need to demonstrate that you have relevant experience and/or expertise in the field in question, though.

Unless you are already a well-known celebrity with a high public profile, the bad news is that it is very unlikely that you will be able to sell a book purely based on your life story.

Book or Ebook?

While print books are still very popular, recent years have seen a big rise in e-books. These are read on e-readers such as the Amazon Kindle or tablets or smartphones.

It is actually quite straightforward to publish an e-book for the Amazon Kindle, and some authors have made a lot of money doing just that. There is even a small but growing number of Kindle millionaires. I will talk about writing Kindle e-books in more detail in another post.

Publish or Self-Publish?

Other things being equal, it’s still probably best to aim initially for a contract with a traditional publisher. If they like your book, they will then take on all the ancillary tasks such as editing and proofreading and getting the finished book printed. They will also have a publicity department whose job it is to promote the book, e.g. by arranging reviews and media appearances.

So far as payment is concerned, the usual arrangement is that the publisher pays the author royalties – typically around 10 percent of sales, paid annually or biannually. You may also receive an advance against royalties, though advances generally have been decreasing for some years. Nowadays a typical advance for a new, non-celebrity author is £1000 to £2000.

Self-publishing used to be called vanity publishing, but nowadays that derogatory term is less often used. Essentially self-publishers take responsibility for the entire publishing process themselves, from writing through proofreading and editing to printing and promotion. While there can be attractions to this, self-published books are generally not taken seriously within the publishing industry. It can be a lot of work for scant reward, and I don’t  recommend going down this route unless you have exhausted all other possibilities (and probably not even then).

Self-publishing an e-book is another matter, though. As mentioned above, it is quite straightforward to do this using Amazon’s Kindle Direct Publishing (KDP) platform. If you self publish a Kindle e-book, you will be paid a royalty by Amazon for each one sold via the store. This can be as much as 70 percent of the sales price, which is a lot more generous than the royalty rate paid by print publishers.

In some cases, also, self-published e-books have been picked up by publishing houses for release in book form. The 50 Shades of Grey books by E.L. James are one high-profile example.

Self publishing an e-book is therefore definitely worth considering if for whatever reason you don’t want to go with a traditional print publisher for your book, or you have no success finding one.



What Next?

In this introductory post I have only been able to scratch the surface of writing and publishing a book, but if this is something you have thought about, I hope it will have given you some food for thought.

I should like to conclude with a few useful resources…

For advice and feedback from fellow writers, I recommend joining the (free) forum at www.bestwritingforum.com which I helped set up a few years ago. Although I am no longer involved with its day-to-day-running, I still visit regularly. It’s a friendly online community with a dedicated team of volunteer moderators, all of whom are keen writers themselves.

Finally, to find publishers (and agents) who might be interested in your book (and much else besides), I highly recommend The Writers’ & Artists’ Yearbook or Writers’ Handbook. These are published annually, and in my view there is nothing really to choose between them.

I will return to the subject of writing books (and other writing projects) in future posts on this blog. But of course, if you have any comments or questions about book writing, please do post them below.

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Ten Top Tips for First Time and Solo Cruisers

Ten Top Tips for First Time and Solo Cruisers

In recent years, like many older people, I have become a big fan of cruise holidays. This applies especially since my partner Jayne passed away.

Cruises are great for solo travellers, as every day there are different places to see. There are also games and activities on the ship, so you never need be short of something to do.

And most cruise lines make a particular effort to support solo travellers and bring them together, so they have company (if they want it) and don’t feel left out.

Based on my experiences, here are my ten top tips for anyone, single or otherwise, who is considering booking a cruise for the first time…

  1. Pack at least one smart suit or dress. Most cruises include one or more ‘formal’ nights, and you don’t want to miss out.
  2. Plan in advance what excursions you would like to take. This information will generally be available online so you can assess trips carefully and decide which would appeal. You can book on the ship as well, but personally I think it’s better to do this in advance when you can peruse all the information carefully and take the time to make up your mind.
  3. Think carefully about cruising if you think you may be prone to sea-sickness. Once you are on a ship at sea there is no easy way of getting off, and being stuck in your cabin with acute nausea is no fun at all. Cruises on the Med are unlikely to cause this, but cruises on the Atlantic or Pacific (where the sea can be rougher) might. If you’re unsure, start with a short ‘taster’ cruise offered by many of the cruise companies.
  4. Once you are on board, look out for the daily newsletter. This will be put under your door every night and set out everything you need to know about the ship’s itinerary the next day and all the many entertainments on offer.
  5. One thing you will have to do early in the cruise is the lifeboat drill. This involves putting on a life-jacket and assembling at your designated muster point. The drills are a necessary evil, so just do as you are told and ask for advice from the crew if you’re unsure. Remember that as soon as all the passengers are assembled and accounted for the drill is over and you can get on with enjoying the cruise, so try not to be the person who holds things up for everybody else!
  6. One big attraction of cruising (for me) is the range of food on offer, and I especially enjoy the themed buffets. Use common-sense, however, and be wary of eating things such as cheese or seafood that have been left out for a long time.
  7. You will probably be given a special card to show when you get off and on the ship at its various ports of call. Guard this with your life, as without it you could in theory be denied re-entry to the ship on your return.
  8. Be wary of all-inclusive cruises where passengers can drink as much as they like. Some people inevitably overdo it and I saw some VERY drunk (stupefied) people on the one such cruise that I went on. The smell of beery breath in the theatre in the evenings was quite unpleasant as well. Obviously if you enjoy drinking heavily you may disregard this, but one such cruise was more than enough for me. And I would think long and hard before taking children or grandchildren on one either.
  9. Remember that the sun’s rays are reflected off the sea, and in warmer latitudes especially it is very easy to burn. Put on a high-factor sunscreen every day, therefore, and don’t spend too long in direct sunlight. Drink plenty of fluids (non-alcoholic!) as well, to avoid dehydrating.
  10. Throw yourself into the cruise experience. Keep an open mind and be prepared to try new things such as deck quoits and carpet bowls. These can be a lot of fun, and however bad you are at them, chances are someone else will be even worse! A few people approach these games very seriously and try to win as many as they can, but most just do them for the fun of it. It can also be a great way to meet fellow passengers and make friends.

I hope you find these tips helpful. If you have any comments or queries, as always, do post them below. And likewise, if you have any tips for first-time cruisers of your own, please do share them.

  • Click here for some top tips on how to afford to travel.




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Upgrade and Save Money with Hassle Free Boilers

Upgrade and Save Money with Hassle Free Boilers

Central heating boilers aren’t the most exciting subject in the world, but the huge majority of us in Britain depend on them for heating and hot water.

In recent years boiler technology has improved dramatically and modern gas boilers are vastly more efficient (and environmentally friendly) than their predecessors. But of course, they aren’t cheap to buy and install.

So what do you do if you’re stuck with an old, inefficient boiler that is generating large gas and repair bills or even worse gives up the ghost altogether? If you don’t have a few grand in the bank for a new one, your options may appear limited.

A company called Hassle Free Boilers offers a solution to this problem. They will install a new, modern boiler for you at a competitive price and maintain it for a monthly fee as low as £19.99. You can choose from a range of premium ‘A’ rated Vaillant, Ideal or Worcester boilers. The fee includes annual servicing, breakdown call-out cover, full system flush, thermostatic radiator valves and a magnetic filter to ensure the ongoing maximum efficiency of your gas heating and hot water system.

Hassle Free Boilers have a range of finance arrangements for the boiler, including a ‘nothing to pay upfront’ option. Obviously, though, if you are able to pay an initial deposit, your monthly payments will be lower. HFB quote a representative example on their website of someone paying £1,999 up front for their boiler and installation, followed by payments of £19.99 a month.

Hassle Free Boilers offer a 12-year contract, which in effect serves as a warranty or guarantee. They say, “You’ll always have a gas boiler in your property and you’ll never have to worry again and can get on with the other things you want to do in your life. We’ll always be there to ensure your boiler and heating system do what they’re supposed to throughout this period.”

If you decide to move home, you can pass on the contract to the new buyers if they wish to take it over. Alternatively, you can settle out at any point. HFB say that you could pay as little as £299 in your third year. In any event, whenever you decide to move, they say you will never have to pay more than the price of the boiler.

What if you’re not quite ready for a new boiler yet? Hassle Free Boilers say they can cover your current boiler and central heating until you are ready to upgrade. This cover will include all parts and labour and a full system flush, and you can then decide when you are ready to have your new boiler installed.

Big Savings

There are substantial savings to be made by installing a modern efficient boiler. The Energy Saving Trust say that heating accounts for about 60 percent of what you spend in a year on energy bills. They state that you could save up to up to 40 percent on your gas bill by installing a new ‘A’ rated condensing boiler with a programmer, room thermostat and thermostatic radiator controls. In  money terms this can translate to savings of up to £570 a year.

Viewed in that light, Hassle Free Boilers’ offer (including servicing and repairs) provides the potential for big savings, not to mention reducing your carbon footprint and giving you twelve years’ peace of mind. The company are part of the part of the award winning Ecovision (Group) Ltd. They are Which? Trusted Traders and have already installed over 7,000 systems across the UK. You can read nearly 400 independent reviews of the company on the Reviews UK website.

For more information – and to request a free, no-obligation quote – visit the Hassle Free Boilers website or give them a call on 03456 474747.

Disclosure: This is a sponsored post for Hassle Free Boilers for which I am receiving a fee. I am not an employee of Hassle Free Boilers or an affiliate for them.

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PrimeStox - An Unusual Way to Make Money Investing in Food

PrimeStox – An Unusual Way to Make Money Investing in Food

If you’re looking for a more remunerative (and interesting) home for some of your savings than a low-paying bank account, you might like to check out what PrimeStox has to offer.

PrimeStox is basically a crowdfunding platform for high-quality food producers and sellers. These businesses are seeking short-term funding (typically for four months) to make products and get them to market. Once the products are sold, investors get their money back with interest. This is generally around 8% for four months, which works out as an annual rate of around 24%. If you immediately reinvest your money in another project, the annual interest rate will be more than this, due to the effects of compounding.

The opportunity may be best explained by an example, so here’s one product I invested in recently. Scarlett and Mustard is a range of premium salsas, dressings, and so on produced by a husband and wife team in East Soham. They say all the ingredients they use are 100% natural and sourced locally.

Last month they were looking for a total investment of £6,000 to fund 6,000 jars of their tomato salsa range (pictured below). I decided to invest a modest £50, which made me the beneficial owner of 50 jars. All being well, I shall receive £54 (my original investment plus 8% interest) by the end of September 2017.

Tomato salsa jars

You might ask what will happen if they don’t sell the salsa. The answer is that all investments are secured by the products concerned, so in the worst case scenario I will receive 50 jars of tomato salsa, which would keep me going for a very long time! Or I could sell them or give them away to friends, of course.

In practice, though, that is an unlikely scenario. So far all investments on PrimeStox have been repaid with interest on or before the date specified. If there is a problem, all investors vote on how best to resolve it, e.g. by selling the goods to a third party for a smaller margin. It is therefore highly unlikely that you would ever lose all your money.



Primestox Pros and Cons

Obviously, investing in PrimeStox is not as safe as putting your money in the bank. In addition, the money will be tied up during the investment period with no easy way of accessing it (although this.is generally no more than a few months). You shouldn’t therefore invest money you may need urgently in the near future.

On the other hand, there are a lot of things I like about it…

  • Rates of return are highly competitive, even compared with other crowdfunding and P2P investment opportunities.
  • The minimum investment is very low – typically £20. You can therefore test the water without risking any significant funds.
  • If you are prepared to spend a bit more – say £100 or over – in many cases you will receive a higher interest rate.
  • Unlike some other crowdfunding platforms where demand from investors greatly exceeds supply, with PrimeStox there are generally a few days to decide whether you want to invest and how much (though I have noticed that opportunities are filling up faster and faster).
  • You are supporting small businesses in the UK and abroad who are dedicated to producing high-quality foodstuffs.
  • And, as mentioned earlier, as an investor you hold title in the product until it is sold. PrimeStox will even send your share to you free of charge if you want.

As for why producers are offering these sort of returns, it is basically to aid their cashflow by covering the cost of raw materials, production, storage, transportation, and so on. But also, they hope that investors will act as ‘brand ambassadors’ for them, helping to promote the product, and maybe even buying some themselves.

In that spirit, here are links to the three products I have invested in on the platform so far, with the amounts I purchased included.

Scarlett & Mustard – Tomato Salsa – £50

Strong Roots Sweet Potato – £100

Bread Tree – Rainbow Pasta (pictured below) – £56

rainbow pasta

 

There is absolutely no obligation to promote any of the products you invest in, but obviously as an investor you have a financial interest in ensuring they are successful. Investors are also sometimes offered rewards, discounts and other incentives by the producers in question.

Clearly nobody should invest more than a small portion of their savings in PrimeStox, but the potential returns on offer are compelling, and investing this way is certainly more fun than stocks and shares!

If you have any comments or questions about PrimeStox, as always, please feel free to post them below.

Disclaimer: I am an investor with PrimeStox but have no other relationship with the company and am not an affiliate for them. Neither am I advising anyone to invest in PrimeStox. Investment decisions are personal to every individual and if in any doubt you should seek advice from a qualified financial adviser. This post is provided for information purposes only and should not be construed as financial advice..




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Find Your Nearest Cashpoint with the Link ATM Locator

Find Your Nearest Cashpoint with the Link ATM Locator

If you own a smartphone (Android or Apple), you can now download a free app that will show you the location of your nearest ATM anywhere in the UK.

The Link ATM Locator shows the location of all 70,000 Link ATMs, which is effectively every cash machine in the UK. It was developed with the support of the Thomas Pocklington Trust, a national sight loss charity who work to increase awareness and understanding of the needs of people with sight loss.

When you open the app, by default it shows a map of ATMs close to your current location. Free machines are shown in green and those that charge a fee in purple.

You can also search by town name or postcode if you want to know the location of ATMs there. As I prefer not to post my own address on this blog, here is a screen capture showing cash machine locations in the Tyseley area of Birmingham.

 

Link ATM locator app 01

If you tap any of the coloured dots, it will show you more information about the machine in question, including how much (if anything) it charges for a withdrawal.

 

Link ATM Locator 02

Additionally, by tapping the three-line options menu at the top left of the screen, you can set filters on the display. These include all the following:

  • £5 notes
  • Audio assistance
  • Mobile top-up
  • Wheelchair access
  • PIN management
  • Only free to use

There are a few other options you can set via this menu as well including Favourite ATMs. This lets you request alerts when you are near a particular ATM, in case you want to take the chance to withdraw some money. There are also hints and tips on staying safe when using ATMs.

The app is free to download from the Apple store and Google Play for Android. Just search for Link ATM locator.

I hope you find this app as useful as I do. As a keen smartphone user myself (I have a Samsung Galaxy A40) I plan to discuss other helpful apps in forthcoming posts on Pounds and Sense.

As ever, if you have any comments or questions arising from this post, please do post them below..




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